Who is New Era Asset Management?
New Era Asset Management, LLC (NEAM) is a debt collection agency located in Buffalo, New York. Their primary role is to recover overdue payments from individuals on behalf of various businesses or institutions.
If New Era Asset Management is tasked with handling an unpaid debt that you owe, their name may appear on your credit report as a collections account.
Who does New Era Asset Management collect for?
New Era Asset Management has a broad spectrum of clientele spanning several industries. This includes, but is not limited to, credit card companies and healthcare providers.
Is New Era Asset Management legit or a scam?
New Era Asset Management, LLC is a legitimate company. They are authorized to collect debts on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove New Era Asset Management from my credit report?
Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.
If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.
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New Era Asset Management, LLC Contact Information
Address:
New Era Asset Management, LLC
701 Seneca St. Ste 655
Buffalo, NY 14210-1372
Phone number: (866) 901-3406
Should I contact or pay New Era Asset Management?
Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.
The most effective way to deal with New Era Asset Management is to work with a credit repair professional. They help remove millions of negative items every year from companies like New Era Asset Management, LLC on behalf of their clients.
Will New Era Asset Management sue me or garnish my wages?
New Era Asset Management (NEAM) does have the legal capacity to sue for unpaid debt. If they go to court and win the case, obtaining a judgment against you, they could potentially garnish your wages or even levy your bank account, subject to your state laws.
However, the lawsuit route is typically considered a last resort due to its cost and time-consuming nature. More often, debt collectors aim to establish a mutually agreeable payment plan or negotiate a debt settlement.
New Era Asset Management, LLC Complaints
Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include disputing credit reporting errors and being treated fairly and respectfully by debt collectors.
Your Rights When Dealing with New Era Asset Management, LLC
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for New Era Asset Management to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. They have 30 days to prove the debt is yours and the amount is accurate.
- New Era Asset Management cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- New Era Asset Management must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
- New Era Asset Management cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove New Era Asset Management From Your Credit Report Today!
Credit Saint offers assistance with disputing New Era Asset Management collection accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.
If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.
Visit their website or call (855) 281-1510 for more details.
